The Real Deal Miami

Planned self storage development near Miami River scores loan

Broward Havana LLC bought the land last year for $2.6M

April 07, 2016 12:45PM
By Katherine Kallergis

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Self storage land and rendering

Self storage land and rendering

The future site of a new self storage facility near the Miami River just closed on an $8.45 million mortgage, county records show.

Broward Havana LLC, a Sandy Springs, Georgia-based entity controlled by Bruce A. Weiner, owns the 33,000-square-foot plot on the corner of Northwest Seventh Street and Northwest 12th Avenue in Miami. BB&T is the lender.

According to general contractor P.B. Brown’s website, the project consists of five stories of self storage. Founder Paul Brown could not immediately be reached for comment.

Broward Havana acquired the four parcels in February 2015 for about $2.6 million, or $78 per square foot. At the time, the property included a gas station and auto repair shop. Weiner’s company knocked the building down in September. And records show that before he bought the land, Weiner entered into an agreement with Pinnacle Storage, a South Carolina-based company.

The land, at 1144 Northwest Seventh Street, is two blocks south of the Miami River and about three blocks east of Marlins Park.